Oneclick Logistics: Indispice profit contrasts with losses

Oneclick Logistics India Limited’s entity-level disclosure for the period ended September 30, 2026 showed Indispice Dehydration Private Limited earned Rs 98.21 lakh on Rs 30.49 crore of revenue, while Oneclick Foods Private Limited, Winners Freight Management Private Limited and Nikos Freight Line Private Limited reported losses.

What did Oneclick Logistics’ individual businesses report?

Oneclick Logistics’ auditor table shows that Indispice recorded the highest revenue and the highest reported profit among the listed subsidiaries for the period ended September 30, 2026. Indispice reported revenue of Rs 30.49 crore and profit of Rs 98.21 lakh, while Oneclick Foods reported Rs 25.28 crore of revenue and a loss of Rs 2.17 lakh.

Winners reported revenue of Rs 1.51 crore and a loss of Rs 15.37 lakh for the same period. Nikos, the smallest listed subsidiary by revenue, reported Rs 2.23 lakh of revenue and a loss of Rs 10,255. The table also includes Shree Siddhi Vinayak Movers Private Limited as an associate, with Rs 47.06 lakh of revenue and Rs 2.37 lakh of profit.

The auditor’s table is part of the information considered in Oneclick Logistics’ unaudited consolidated financial results for the half year ended September 30, 2026. Ratan Chandak & Co. LLP stated in its review report dated November 13, 2026 that it had not audited the interim financial results of the subsidiaries and associate, but said its conclusion on the consolidated results was not modified on that matter.

Which Oneclick Logistics subsidiary was profitable?

Indispice was the only subsidiary in the disclosed table to report a profit, recording Rs 98.21 lakh for the period ended September 30, 2026. Its Rs 30.49 crore of revenue exceeded Oneclick Foods’ Rs 25.28 crore by Rs 5.21 crore, but Oneclick Foods recorded a Rs 2.17 lakh loss rather than a profit.

The other two subsidiaries also reported negative results. Winners’ Rs 15.37 lakh loss was larger than Oneclick Foods’ Rs 2.17 lakh loss, although Winners generated Rs 1.51 crore of revenue compared with Rs 25.28 crore at Oneclick Foods. Nikos reported the lowest revenue, Rs 2.23 lakh, and a loss of Rs 10,255.

The associate had a different outcome from the loss-making subsidiaries. Shree Siddhi Vinayak Movers reported a profit of Rs 2.37 lakh on revenue of Rs 47.06 lakh, compared with Nikos’ Rs 2.23 lakh of revenue and reported loss. The filing provides no entity-level details on costs, customers, margins, financing or operational factors that would explain the differing outcomes.

How do Oneclick Logistics’ subsidiary results relate to consolidated figures?

Oneclick Logistics reported consolidated total revenue of Rs 95.89 crore for the half year ended September 30, 2026, up from Rs 92.77 crore in the half year ended March 31, 2026. Revenue from operations rose to Rs 95.71 crore from Rs 92.43 crore across those two reported half-year columns, while other income declined to Rs 18.04 lakh from Rs 33.55 lakh.

Consolidated freight, handling and service cost fell to Rs 80.03 crore in the September 2026 half year from Rs 94.88 crore in the March 2026 half year. Over the same comparison, employee benefit expense increased to Rs 3.34 crore from Rs 1.01 crore, and other expenses increased to Rs 2.54 crore from Rs 92.85 lakh.

Total consolidated expenses declined by Rs 2.67 crore to Rs 87.63 crore in the September 2026 half year. Depreciation and amortisation was Rs 30.08 lakh, down from Rs 50.54 lakh, while finance cost was Rs 87.23 lakh, down from Rs 2.06 crore. The filing does not reconcile the entity-level revenues or reported profits and losses to individual consolidated expense lines.

What changed in Oneclick Logistics’ controlled-business portfolio?

Oneclick Logistics said it acquired a 51% stake in Nikos during financial year 2024-25 and identified Oneclick Foods as a wholly owned subsidiary. The auditor table describes Oneclick Foods as a subsidiary from January 14, 2026; it subsequently reported Rs 25.28 crore of revenue for the period ended September 30, 2026.

For Indispice, Oneclick Logistics said it acquired 55% during financial year 2025-26 and later increased its shareholding to 60%. The auditor table identifies Indispice as included from March 18, 2026, and it produced the highest revenue, Rs 30.49 crore, and the only disclosed subsidiary profit, Rs 98.21 lakh, in the September 2026 period.

Oneclick Logistics also disclosed a 60% acquisition of Winners during the year, with the auditor table dating its subsidiary inclusion from July 10, 2026. Winners reported Rs 1.51 crore of revenue and a Rs 15.37 lakh loss. The consolidated notes also refer to a 46% holding in Shree Siddhi Vinayak Express Movers Private Limited, while the auditor table names Shree Siddhi Vinayak Movers Private Limited as an associate; the filing does not explain the difference in those names.

Conclusion

Oneclick Logistics’ September 2026 disclosure shows that its expanded portfolio had substantially different reported outcomes. Indispice earned Rs 98.21 lakh on Rs 30.49 crore of revenue, while Oneclick Foods, Winners and Nikos reported losses. At group level, total revenue increased to Rs 95.89 crore from Rs 92.77 crore, while total expenses fell to Rs 87.63 crore from Rs 90.30 crore.

The next results will show how subsidiaries added or brought under greater control at different dates contribute over a fuller reporting period, particularly Oneclick Foods from January 14, 2026 and Winners from July 10, 2026. The disclosed September 2026 results also leave unresolved whether Oneclick Logistics will provide a reconciliation of subsidiary-level outcomes to consolidated costs or clarify the differing Shree Siddhi Vinayak entity names.